Global Data Center Power
Market Report
2024
Global Data Center Power market size will be $25.51 Billion by 2030. Data Center Power Industry's Compound Annual Growth Rate will be 7.83% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Data Centre market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Data Center Power Market Sales Revenue 2030 | $ 25.51 Billion |
Global Data Center Power Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.83% |
Market Split by Product |
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Market Split by End-User Application |
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Market Split by Data Centre Size |
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Market Split by Data Center Size |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Data Center Power Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A data centre is a structure, a specific area inside a structure, or a collection of structures housing computer systems and related parts like storage and telecommunications. They include networks, storage, server-based IT infrastructures, and infrastructure for handling and archiving user data. Additionally equipped with power and cooling systems, data centres may offer highly dependable, scalable, and available services to their clients. The need for data centre power has increased as a result of the rise of digital infrastructure and the use of cloud computing services in the IT industry. This has propelled the data centre power market upward in the future years. Data centres and power are necessary for every organisation that generates or utilises data, including governments, educational institutions, financial organisations, retailers of all sizes, online information providers, and social networking services. Furthermore, as people become more reliant on digital infrastructure and more connected, the necessity for data centres has grown. Global production of digital data is expanding quickly. 5G is anticipated to be a key facilitator of growing edge use cases that require high-bandwidth and low-latency data transmission as networks develop and coverage grows. To adapt to this change, hyper-scale providers are looking for next-generation automation with power distribution units (PDUs). PDUs are being built with an emphasis on modularity and increased safety due to their growing capacity and decreasing footprints. To facilitate more efficient cloud workflows, cloud storage providers like AWS, Microsoft, and Google are expanding the amount of storage that they can give. These companies make investments in large-scale transactions. To assist clients in bolstering their cyber defences and fulfilling their data localization needs, Duo, a cloud-based secure access provider that is presently a part of Cisco, opened its first data centre in Mumbai, India, in May 2022. Therefore, the market is growing significantly in the coming years.
AI and intelligent automation are more than simply tools; they are completely changing the data centre industry. They achieve unparalleled levels of resource utilisation, energy usage, and overall efficiency. They guarantee that resources are utilised to the utmost by identifying and fixing inefficiencies through real-time monitoring and analysis. Large volumes of real-time data are analysed by AI-powered data centre operations using machine learning algorithms and predictive analytics. Data centre managers can use this to optimise workload management, capacity planning, and resource allocation by gaining insights, seeing trends, and making well-informed decisions. A global data centre survey conducted by Uptime Institute found that 57% of data centre administrators said they would trust artificial intelligence to make operational choices. To minimise downtime and maximise performance, AI algorithms can foresee patterns in resource utilisation and assist in managing rack space and power distribution. Early detection of equipment breakdowns and performance degradation is made possible by AI-driven predictive maintenance, which can change reactive maintenance techniques to proactive ones. Artificial intelligence (AI) algorithms can improve overall dependability and uptime by anticipating problems, scheduling maintenance tasks, and proactively addressing possible disruptions by evaluating sensor data and telemetry in real time. AI security solutions are significantly more capable of adjusting to new risks than traditional systems in the face of constantly changing cyber threats. Massive volumes of data from many sources, such as logs, user behaviour, and system configurations, can be analysed by AI algorithms to find anomalies that could be signs of illegal access or cyberattacks. Because of AI's capacity to manage resources, automate processes, and boost productivity, data centres are changing fundamentally. Therefore, it is expected that the market will grow significantly in the coming years owing to the emergence of AI and intelligent automation.
5G network connectivity provides quick data transmission rates for communications that are essential to mission success. 5G Live TV's vast broadband capabilities—which enable high-speed connections—benefit various applications, including those related to IoT, robotics, and artificial intelligence. 5G offers significantly higher connection densities, lower latency, and better bandwidth than 4G. With the development and deployment of 5G, edge computing—which puts cloud-based and IT services closer to end users and their devices—is becoming more and more popular. Edge data centres are smaller establishments that provide cloud computing resources and cached material to end users. They are situated near the populations they serve. Usually, they are connected to one or more bigger central data centres. Edge data centres are becoming more versatile than core data centres due to their proximity to end users and greater processing, transferring, and storing capabilities. Edge computing is evolving more quickly than ever, and its application calls for prompt, astute responses. Companies such as American Tower and SBA Communications are aggressively pursuing edge data centre locations on tower sites. Companies are working together to set up Cloud Solutions and Edge Data Centres in strategic distribution centres. High-density racks and power infrastructure will be required to handle the growing need for power and IT infrastructures, such as rack PDUs of >10 kW and rack-level UPS systems. The requirement for data centres with improved power reliability and redundancy will result in the purchase of more generators and UPS systems. As additional options for modular infrastructure become available, edge deployment will keep driving improvements in the data centre power industry. With this rising demand for 5G and edge centres, the market is expected to grow significantly in the coming years.
One major obstacle facing enterprises in the data centre power sector is the significant initial expenditure required. It costs a lot of money to start from scratch and build a whole data centre. First, land must be secured in an area free from the threat of natural disasters and with access to the services that are required. The structure must be sturdy, resilient to both natural and man-made calamities, and expandable to handle future expansion. The startup costs of a data centre are mostly determined by its design. This covers the configuration of the security systems, cabling systems, access points, and server rooms. Installing HVAC systems, redundant power supplies, and fire suppression systems may result in additional expenses. One of the biggest continuous expenses in a data centre is power usage. A large amount of operating costs is related to the energy needed to run servers, storage units, networking equipment, and other IT infrastructure. Data centres use a lot of electricity to run the cooling systems that keep the IT equipment from overheating as well as to power the IT equipment. The physical location of the data centre and the cost of energy in the area affect the cost of electricity. For instance, With a capacity of up to 10 racks, a small data centre—also called a micro data centre—typically services distant office locations or small firms. Because the average server takes up three units (3U), a normal 42-unit rack can accommodate about 14 servers. This indicates that about 140 servers may be accommodated in a 10-rack data centre. A modest data centre can be constructed for between $200,000 and $500,000. This covers the price of building the actual building, buying and installing the required hardware, and configuring the power and cooling systems. Additionally, a sizable data centre with more than 250 racks (3,500 servers) that caters to major telecom providers or huge businesses. Constructing a data centre of this kind can easily cost tens of millions of dollars. Additionally, the annual operating expenses can easily surpass $1 million. Most organisations, including SMEs with tight budgets, usually aren't able to update their data centres because of this requirement. According to Schneider Electric, the total cost of ownership (TCO) for power equipment in a standard rack in a high availability 2N data centre is 18%. The initial outlay needed to implement conventional power solutions is significantly less than that of energy-efficient power solutions. As a result, many businesses are reluctant to implement cutting-edge data centre power solutions that use less energy. Therefore, due to a high initial cost, the market growth for data centres may be restrained.
The novel coronavirus illness (COVID-19) outbreak has had a substantial influence on the global data centre electricity sector. The world came into shutdown mode when several governments announced a statewide lockdown. The data centre sector benefited from the announcements made by several multinational corporations allowing their workers to work from home. Additionally, using services like Zoom, Netflix, and online gaming has a beneficial effect on the data centre. Netflix reported that its users were increased by 57% in Italy and 34% in Spain. Zoom reached more than 200 million daily meeting participants. Company giants like Google, Microsoft and Facebook also reported positive reports of an increase in cloud services. For instance, Facebook saw time in group calling increase by over 100% month over month in Italy and total messaging increased by more than 50% in many countries hit hardest by the virus. This resulted in a positive impact on the data centre market. The resulting demand for software as a service (SaaS), the quick transition to a work-from-home lifestyle during the pandemic, and other considerations also allow the data centres market to grow during COVID-19. Furthermore, the COVID-19 pandemic has created a new business climate that is anticipated to drive demand for cloud services and digitization, hence influencing the global data centre power market. The COVID-19 health emergency had affected companies in the food and beverage, retail, automotive, and semiconductor sectors significantly on a global scale. Major participants in the data centre power sector consequently stepped up to assist other businesses. For instance, Romania's demand for online services like gaming, streaming video, and live events surged unexpectedly during the COVID-19 pandemic. Thus, in September 2020, INVITE Systems—a pioneer in technological innovation—partnered with Huawei to establish a very dependable data centre to fulfil the demands of the business. However, the daily operations that needed to be carried out at the data centres posed a critical challenge to the data centre market. Regular disinfection, temperature checks, mask and glove use regulations, and social distancing in the workplace were also required of the providers. Therefore, the market for data centres had a two-way impact with a positive impact as a result of work-from-home culture, rising online games, usage of various platforms and others. While due to the CPVID-19 restrictions, the operation of the data centre was impacted.
(Source- https://www.sunbirddcim.com/infographic/covid-19%E2%80%99s-impact-data-centers)
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The competitive landscape of the industry is fragmented, featuring many regional and global players. To maintain their competitive edge and grow their market share, the leading companies are forging strategic partnerships, mergers, and acquisitions. Service providers are also extensively investing in R&D to develop cutting-edge products and incorporate the newest technologies into their services to get a competitive advantage over rivals. For instance, to assist data centres in addressing issues with electrical grid capacity, Vertiv opened its Vertiv Customer Experience Centre in October 2023 in collaboration with American Electric Power (AEP). The centre features a microgrid power solution. To meet client demand, Vertiv's 1.0 megawatt (MW) microgrid is equipped with a lithium-ion battery, system controls, an Uninterruptible Power Supply (UPS) system, and other essential parts. These customers are assessing the benefits of microgrids and energy storage systems for their mission-critical power systems. Therefore, the market has various players who are working on strategies and developments.
Top Companies Market Share in Data Center Power Industry: (In no particular order of Rank)
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Global Data Center Power Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Data Center Power Industry growth. Data Center Power market has been segmented with the help of its Product, End-User Application Data Centre Size , and others. Data Center Power market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Uninterruptible Power Supply has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The building of new data centres and their rising modernization, along with an increase in power fluctuations and outages in data centres, are the main drivers of market growth. The need for sensitive data to be everywhere and the growing use of cloud computing have made UPS installations more common. The expansion of the market has also been aided by the usage of portable UPS systems in applications like online gaming, online media streaming, SaaS, and High-Performance Computing (HPC). The market has also benefited from a rise in the use of cloud computing and a sharp increase in the need for sensitive and widely distributed data. Therefore, the market growth is expected in the coming years.
Power Distribution Unit is the fastest growing with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The need for intelligent power distribution units is increasing, which is the primary driver of the expansion. Companies have been using intelligent PDUs in place of basic multi-socket racks containing server and network equipment for the past few years. Smart power distribution systems can detect and measure distributed electrical characteristics as well as ambient elements like humidity and temperature. Additionally, these devices provide a thorough view of the circumstances within a data centre rack and give data centre managers and operators information, making it possible to identify faults and take the necessary energy-saving action. Therefore, the mt growth is expected in the coming years.
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The IT and Telecommunications segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The construction of massive data centre infrastructure by developing IT and telecom service providers to handle the rapidly growing volume of data is responsible for the market growth. The need is also being driven by the sharp increase in the development and expansion of IT infrastructure. Additionally, data storage facilities are needed to manage massive amounts of data due to the increasing telecommunication infrastructure. Additionally, the segment is anticipated to benefit from the government's supporting policy measures as well as the strong presence of important firms like Schneider Electric and CtrlS Datacentres in the rising countries. Furthermore, in IT and telecom infrastructure, maintenance, energy usage, and dependability are crucial. It is expected that this element will drive market expansion in the upcoming years. Therefore, the market will grow significantly in the coming years.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Data Center Power market report 2024 Edition by contacting our team.
Large Segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Large data centres are massive business-critical facilities designed to efficiently support robust, scalable applications. Very large data centres can be the size of warehouses and contain hundreds, thousands, or even millions of servers. Many companies with large online presence have large Data Centres located all over the world, this could include companies such as Google, Facebook and Microsoft. Microsoft for example reportedly adds 20,000 servers monthly as of 2017. Google has more than a dozen large Data Centres in various countries such as Ireland, America, Hong Kong and Finland. Therefore, the market is expected to grow significantly in the coming years.
Large Segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. Large data centres are massive business-critical facilities designed to efficiently support robust, scalable applications. Very large data centres can be the size of warehouses and contain hundreds, thousands, or even millions of servers. Many companies with large online presence have large Data Centres located all over the world, this could include companies such as Google, Facebook and Microsoft. Microsoft for example reportedly adds 20,000 servers monthly as of 2017. Google has more than a dozen large Data Centres in various countries such as Ireland, America, Hong Kong and Finland. Therefore, the market is expected to grow significantly in the coming years.
North-America Region has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The North American data centre market is leading the data centre sector in growth due to the early availability and adoption of innovative technologies as well as investments from colocation service providers, hyperscale data centre operators, businesses, and government organisations. In the data centre industry, the region is both a pioneer and an incumbent for every new technical development. Additionally, the primary forces behind the market's growth in North America include businesses like Facebook, Google, Equinix, Digital Realty, Compass Datacentres, Cologix, and others. Colocation companies, hyper-scale data centre operators, corporations, and governmental bodies have all invested billions of dollars in data centre infrastructure, including redundant power backup systems. Since more buildings are being designed to be "green data centres," more reasonably priced and effective power solutions are required, further boosting the market. Therefore, the market is expected to grow significantly in the coming years.
Asia-Pacific is the fastest growing region with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period. The Asia-Pacific data centre market is being driven primarily by the increasing number of internet users, social media usage, smartphone penetration, acceptance of cloud services, and the need for enterprises to move from server rooms to data centres. Internet and cloud service providers are the most significant players in the Asia Pacific data centre market, after colocation providers. To consolidate space in large quantities, several cloud service providers also rely on colocation providers to construct facilities. Therefore, the market is expected to grow significantly in the coming years.
The current report Scope analyzes Data Center Power Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Data Center Power Market is witnessing significant growth in the near future.
In 2023, the Power Distribution Unit segment accounted for noticeable share of global Data Center Power Market and is projected to experience significant growth in the near future.
The BFSI segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB , Eaton and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Product | Power Distribution Unit, UPS, Busway, Other Solutions |
End-User Application | BFSI, IT and Telecommunication, Manufacturing, Government, Retail |
Data Centre Size | Small, Medium, Large |
Data Center Size | Small and Medium-sized data center, Large data center |
List of Competitors | ABB, Black Box, Eaton, General Electric, Generac Power Systems, Inc., Huawei Technologies Co., Ltd., Legrand, Rittal GmbH & Co. KG, Schneider Electric, Vertiv Group Corp., Hitec Power Protection, Toshiba International Corporation, Mitsubishi Electric Corporation |
This chapter will help you gain GLOBAL Market Analysis of Data Center Power. Further deep in this chapter, you will be able to review Global Data Center Power Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Data Center Power Market Trends North America Data Center Power Technological Road Map North America Data Center Power Market Drivers North America Data Center Power Market Restraints North America Data Center Power Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Application Analysis 2019 -2031
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Chapter 12 Market Split by Data Centre Size Analysis 2019 -2031
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Chapter 13 Market Split by Data Center Size Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Data Center Power market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Power Distribution Unit have a significant impact on Data Center Power market? |
What are the key factors affecting the Power Distribution Unit and UPS of Data Center Power Market? |
What is the CAGR/Growth Rate of BFSI during the forecast period? |
By type, which segment accounted for largest share of the global Data Center Power Market? |
Which region is expected to dominate the global Data Center Power Market within the forecast period? |
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